Foxconn plans to double smartphone manufacturing capacity in India
India: Foxconn, a Taiwanese multinational
electronics contract manufacturing company is planning to double the
manufacturing capacity of the smartphone in its India’s plant located in Andhra
Pradesh in the year 2016. The company will be manufacturing 2.5 million units
every month by this year end. Currently, the company 25 assembly lines and
manufactures about 1 million units.
To
ramp up the production, the company will add 1,100 employees to the existing
manpower of 6,000 people.
Foxconn
Andhra Pradesh plant will have three new buildings of a total of 500,000 sq.
ft. in next five to six months and have 10 assembly lines.
As
per the TechSci Research, after the
launch of Make in India initiatives multiple smartphone manufacturers planned
to expand their operations in India. Likewise, Foxconn focuses on India and aims
to develop 10-12 facilities which include factories and data centres by 2020.
The company also aims to employ millions of people directly or indirectly. In
2015, the company chairman Terry Gou visited India and committed to invest $5
billion in Maharashtra in a new electronics manufacturing facility over five
years.
TechSci Research depicts that the expansion strategy of
Foxconn in India expects to increase the number of clients and would positively
impact the revenues as well. Foxconn serves multiple clients – Apple,
Microsoft, Xiaomi, Oppo, Gionee, Asus to name few.